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Option update 12-11-07: Furniture companies at longtime lows

Ethan Allen (NYSE: ETH)'s share price is near a seven-year low. ETH closed at $29.45. ETH overall option implied volatility of 38 is near its 26-week average of 36 according to Track Data, suggesting non-directional risk.

La-Z-Boy (NYSE: LZB)'s share price is near a 16-year low. LZB closed at $6.68. LZB overall option implied volatility of 76 is above its 26-week average of 58 according to Track Data, suggesting larger risk.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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Last updated: December 05, 2008: 07:51 AM

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